Private equity firm Citation Capital acquired a majority stake in Aptive Environmental, an award-winning pest control company. Aptive’s co-founder and CEO, Vess Pearson, along with the leadership team, will retain significant interest in the company.
“We are thrilled to partner with Citation as we embark on this next chapter of growth for Aptive,” said Pearson. “Citation’s investment in Aptive underscores the exceptional company we have built over the past decade. We look forward to driving further growth in partnership with Citation and continuing to carry out our mission of providing top-tier services and helping people to better enjoy their homes.”
Founded in 2015, Aptive services over half a million households, offers a variety of pest prevention services and employs approximately 4,000 employees.
“Partnering with Citation will not only fast-track our strategic growth plans, but will also enhance our ability to deliver unparalleled service to customers, elevating Aptive’s brand to new heights and further advancing our M&A strategy,” Aptive CFO Mark Lawrence said.
This transaction builds on Citation’s investment momentum.
“Aptive embodies key characteristics that align with our investment approach of backing exceptional, defensible founder-led businesses,” said Tiffany K. Hagge, founder and managing partner of Citation. “Vess and his leadership team have achieved remarkable growth, scaling Aptive to be one of the largest residential pest control service providers in North America. We are excited to work in lockstep with them to continue to expand the business both organically and inorganically.”
J.P. Morgan acted as the lead financial advisor to Aptive in its transaction with Citation.
About Aptive Environmental
Founded in 2015 by Vess Pearson and David Royce, Aptive Environmental provides pest control services to customers in 34 states across the U.S. The company has over 700,000 customers with services in over 120 different locations and has over 2,400 employees. Aptive Environmental is also a member of the U.S. Environmental Protection Agency’s Pesticide Environmental Stewardship Program (EPA PESP) and has partnered with the United Nations Foundation’s “United to Beat Malaria” to help stop the spread of malaria transmitted by mosquito bites.
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